JIAYU Industries, Inc. manufactures and sells three products: a Personal Digital Assistant (PDA), a wireless PDA (WPDA), and a combination Cellular Phone/PDA (C/PDA). Total annual fixed selling, general and administrative (SGA) costs are $6,600,000 and total annual fixed costs of goods sold (COGS) are $3,000,000. The following information has also been made available to you: Sales in units Selling Price/unit Variable selling, general and administrative (SGA) costs/unit Variable Cost of goods sold (COGS) /unit PDA 10,000 $250 $100 $50 WPDA 4,000 $600 $150 $100 C/PDA 6,000 $900 $300 $200 Required: Determine the total amount in dollars that must be sold to obtain a total target profit for the company of $500,000. Please choose the closest answer to the problem.
JIAYU Industries, Inc. manufactures and sells three products: a Personal Digital Assistant (PDA), a wireless PDA (WPDA), and a combination Cellular Phone/PDA (C/PDA). Total annual fixed selling, general and administrative (SGA) costs are $6,600,000 and total annual fixed costs of goods sold (COGS) are $3,000,000. The following information has also been made available to you: Sales in units Selling Price/unit Variable selling, general and administrative (SGA) costs/unit Variable Cost of goods sold (COGS) /unit PDA 10,000 $250 $100 $50 WPDA 4,000 $600 $150 $100 C/PDA 6,000 $900 $300 $200 Required: Determine the total amount in dollars that must be sold to obtain a total target profit for the company of $500,000. Please choose the closest answer to the problem.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please do not give solution in image format thanku
Transcribed Image Text:JIAYU Industries, Inc. manufactures and sells three products: a Personal Digital Assistant (PDA), a wireless
PDA (WPDA), and a combination Cellular Phone/PDA (C/PDA). Total annual fixed selling, general and
administrative (SGA) costs are $6,600,000 and total annual fixed costs of goods sold (COGS) are
$3,000,000. The following information has also been made available to you:
Sales in units
Selling Price/unit
Variable selling, general and administrative
(SGA) costs/unit
Variable Cost of goods sold (COGS) /unit
PDA
10,000
$250
$100
$50
WPDA
4,000
$600
$150
$100
C/PDA
6,000
$900
$300
$200
Required:
Determine the total amount in dollars that must be sold to obtain a total target profit for the company of
$500,000. Please choose the closest answer to the problem.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 4 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education